Yemen News Agency ( SABA)
Oil falls back on profit-taking

Oil falls back on profit-taking


LONDON, Dec. 11 (Saba) - Oil fell back on Friday, with traders selling crude to profit after a strong rally this week thanks to growing confidence that the rapid spread of the "Omicron" mutant will not damage fuel demand.


And US crude futures fell 0.1 percent, to $ 70.87 a barrel, by 01:50 GMT, after falling two percent in a volatile session the previous day. Brent crude futures fell 4 cents to $74.38 a barrel, after falling 1.9 percent on Thursday.




resource : Saba

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